Investors gain N36bn as NSEASI inches up by 0.17%

The Nigerian stock market on Wednesday re-admitted the Bulls as the All Share Index appreciated by 0.17% to settle at 40,465.15 points from the previous close of 40,396.14 points. Investors gained N36 billion as Market Capitalisation grew to N21.158 trillion from the previous close of N21.122 trillion.

An aggregate of 249.55 million units of shares were traded in 6,090 deals, valued at N2.184 billion.

The market breadth closed positive as 23 stocks appreciated in their share prices against 16 stocks that declined in their share prices.

Stocks to Watch

  • Access Bank traded flat at N8.8. It is currently trading 26.67% away from its 52 weeks high of N12. At that, there is uptrend potential in the share price of Access Bank.
  • FBN Holdings grew N7.25 from N7.2. It is trading 19.44% away from its 52 weeks high of N9 which implies an uptrend potential for the share price of the big elephant.
  • Zenith Bank grew to N25.1 from N24.6. It is trading 11.93% away from its 52 weeks high of N28.5.
  • WAPCO closed flat at N22.4. It is trading 13.85% away from its 52 weeks high of N26, which implies an uptrend potential for the share price of the company.
  • UBA grew to N8.6 from N8.4. It is trading 12.24% away from its 52 weeks high of N9.8.
  • Guaranty Trust Bank dropped to N32.50 from N32.55. It is trading 15.47% away from its 52 weeks high of N38.45, which suggest an uptrend potential for the share price of Guaranty Trust Bank.

Percentage Gainers

NEM Insurance led other gainers with 9.69% growth to close at N2.15 from the previous close of N1.96.

BOC Gas and Japaul Gold among other gainers also grew their share prices by 9.52% and 9.46% respectively.

Percentage Losers

Sovereign Trust Insurance led other price decliners as it shed 8.33% of its share price to close at N0.22 from the previous close of N0.24.

Eterna Plc and Deap Capital Management and Trust Plc among other price decliners also shed their share prices by 8.17% and 8.00% respectively.

Volume Drivers

  • Japaul Gold traded about 28.053 million units of its shares in 61 deals, valued at N22.72 million.
  • Access Bank traded about 21.856 million units of its shares in 247 deals, valued at N190.43 million.
  • AXA Mansard traded about 13.263 million units of its shares in 94 deals, valued at N16.4 million.

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